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Sector Update: Financial Stocks Rise Late Afternoon
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Sector Update: Financial Stocks Rise Late Afternoon
Sep 19, 2024 7:25 PM

03:53 PM EDT, 09/17/2024 (MT Newswires) -- Financial stocks advanced in late Tuesday afternoon trading, with the NYSE Financial Index up 0.1% and the Financial Select Sector SPDR Fund (XLF) adding 0.3%.

The Philadelphia Housing Index climbed 0.5%, while the Real Estate Select Sector SPDR Fund (XLRE) fell 0.8%.

Bitcoin (BTC-USD) jumped 3.8% to $60,149, and the yield for 10-year US Treasuries rose 2.1 basis points to 3.64%.

In economic news, US retail sales gained 0.1% in August, compared with the 0.2% decline anticipated in a survey compiled by Bloomberg and the previous month's 1.1% increase.

In corporate news, Accenture ( ACN ) is changing its appraisal timing structure to mid-year from year-end in a bid to align staffing with "better visibility" of client spending. Its shares fell 4.8%.

Netcapital ( NCPL ) shares sank 28% after it reported late Monday a wider fiscal Q1 loss and lower revenue.

JPMorgan Chase ( JPM ) is in advanced talks with Apple ( AAPL ) to take over the tech giant's credit card program from Goldman Sachs ( GS ) , The Wall Street Journal reported. JPMorgan ( JPM ) shares added 0.5% and Apple ( AAPL ) was marginally higher.

New York Community Bancorp ( NYCB/PU ) shares popped 4.3% as Raymond James upgraded the stock to market perform from underperform, citing a "more favorable interest rate environment."

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